Sri Lanka stocks close flat

July 30, 2013 (LBO) – Sri Lanka’s stocks closed flat Tuesday for a second consecutive day with activity seen in the large cap stocks and some banking stocks, brokers said.

Distilleries Company closed flat at 190.50 rupees while Aitken Spence closed at 124.50 up 50 cents. Sri Lanka Telecom closed flat at 39.30 rupees. . The benchmark Colombo All Share Index closed 01.44 points lower at 6,055.48 and the S&P SL 20 Index closed 06.26 points higher at 3,432.03 up 0.18 percent.

Turnover was 700 million rupees up from 451 million Monday.

Foreigners brought 261 million rupees worth shares while selling 503 million rupees of shares, in a day that 65 stocks advanced and 109 stocks declined.

Ceylon Tobacco Company contributed most to the index closing at 1,064.50 rupees up 20.20 rupees. Commercial Bank of Ceylon closed at 116.80 up 2.80 rupees and Nestle Lanka closed at 1,950.00 rupees up 37.30 rupees.

Negative contributors were John Keels Holdings closing at 264.10 rupees down 3.40 rupees. Hatton National Bank closed at 154.10 rupees down 1.90 rupees and Dialog Axita closed at 8.50 rupees down 0.10 rupees.

In the banking sector, Sampath Bank closed at 202.00 down 2.80 rupees, Pan Asia closed at 17.80 down 0.10 rupees. DFCC closed flat at 128.00 rupees.